Industry Background:
3D printing technology, also known as additive manufacturing (AM) is a very flexible technology currently used for engineering prototypes, as well as tools for manufacturing processes, among others. The aerospace industry has combined 3D printing throughout all processes & functions, from the design concept to near-end-of-life repairs. 3D printing provides benefits such as ease of manufacturing complex components with difficult designs, customizing each unit, no or less tooling expense, among others. The application of 3D printing in aerospace industry is attributed to the rising demand for lightweight aircraft components as well as complementing demand for airplanes from various airlines. Over the coming years, 3D printing in aerospace is likely to help build aircraft components in low volumes as well as reduce aircraft weight. Over the years, 3D printing technology will help in manufacturing of fully 3D printed aircraft, printing on the battlefield, and in self-healing military vehicles.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Stratasys Ltd. (United States), 3D Systems Corporation (United States), The ExOne Company (United States), Arcam AB (Sweden), EOS GmbH (Germany), Ultimaker B.V. (The Netherlands), Höganäs AB (Sweden), Materialise NV (Belgium), Envisiontec GmbH (Germany) and Norsk Titanium AS (Norway) |
According to AMA, the market for Aerospace 3D Printing is expected to register a CAGR of 24.1% during the forecast period to 2030. This growth is primarily driven by Growing Demand for Lightweight Parts & Components from Aerospace Industry, High Demand from Aerospace Industry for Technologies with ability to easily Manufacture Complex Aerospace Parts, Short Aerospace Components Supply Chain and Need for Low Volume Production from Aerospace Industry.
Globally, a noticeable market trend is evident 3D Printing in Space Exploration Missions The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Stratasys Ltd. (United States), 3D Systems Corporation (United States), The ExOne Company (United States), Arcam AB (Sweden), EOS GmbH (Germany), Ultimaker B.V. (The Netherlands), Höganäs AB (Sweden), Materialise NV (Belgium), Envisiontec GmbH (Germany) and Norsk Titanium AS (Norway), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. In February 2019, The ExOne Company has announced its collaboration with Catalysis Additive Tooling (“Catalysis”), United States based additive manufacturer in the development of a new process for 3D printed tooling for low-to-medium volume production parts. Catalysis pursues opportunities from prototype to mass production in a various variety of end markets, with automotive, aerospace, incubators, packaging, medical, and more. This collaboration with Catalysis represents yet another avenue for the company to deliver the benefits of its 3D printing binder jetting technology to the market.
Key Developments in the Market:
In March 2023, 3D Systems enhanced its industry-leading digital dentistry portfolio with innovations. New materials NextDent Base and NextDent Cast and a new printing platform NextDent LCD1. These products help the company's customers accelerate the adoption of additive manufacturing as part of their workflow and provide opportunities to improve the patient experience while delivering new levels of speed, productivity, efficiency and precision.
Influencing Trend:
3D Printing in Space Exploration Missions
Market Growth Drivers:
Growing Demand for Lightweight Parts & Components from Aerospace Industry, High Demand from Aerospace Industry for Technologies with ability to easily Manufacture Complex Aerospace Parts, Short Aerospace Components Supply Chain and Need for Low Volume Production from Aerospace Industry
Challenges:
Strict Industry Regulations & High Standards With Respect To the Aircraft Components Manufacturing
Restraints:
Restricted Raw Material Types for 3D Printing
Opportunities:
Advanced 3D Printing Technology Developments Needing Less Production Time and 3D Printing as A Service
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aerospace 3D Printing Market
- Analysis about New Entrants in Aerospace 3D Printing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aerospace 3D Printing Study Sheds Light on
The Aerospace 3D Printing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aerospace 3D Printing industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aerospace 3D Printing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.